The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101 244 1,707 SH   DFND   1,707 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 245 3,006 SH   DFND   3,006 0 0
ACTAVIS PLC SHS G0083B108 288 1,190 SH   SOLE   1,190 0 0
AETNA INC NEW COM 00817Y108 246 3,006 SH   DFND   3,006 0 0
ALASKA AIR GROUP INC COM 011659109 239 5,460 SH   SOLE   5,460 0 0
ALLSTATE CORP COM 020002101 256 4,158 SH   DFND   4,158 0 0
AMERIPRISE FINL INC COM 03076C106 253 2,035 SH   DFND   2,035 0 0
AON PLC SHS CL A G0408V102 237 2,705 SH   DFND   2,705 0 0
APPLE INC COM 037833100 266 2,628 SH   DFND   2,628 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L104 2,706 197,639 SH   DFND   197,639 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 3,344 75,873 SH   DFND   75,873 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 48 1,165,000 SH   SOLE   1,165,000 0 0
ASSURANT INC COM 04621X108 241 3,723 SH   DFND   3,723 0 0
AT&T INC COM 00206R102 161 5,495 SH   DFND   5,495 0 0
AT&T INC COM 00206R102 239 815,500 SH   SOLE   815,500 0 0
AUTOZONE INC COM 053332102 231 453 SH   DFND   453 0 0
AVERY DENNISON CORP COM 053611109 216 4,777 SH   DFND   4,777 0 0
BALL CORP COM 058498106 247 3,885 SH   DFND   3,885 0 0
BARD C R INC COM 067383109 245 1,702 SH   DFND   1,702 0 0
BED BATH & BEYOND INC COM 075896100 280 4,236 SH   DFND   4,236 0 0
BOEING CO COM 097023105 247 1,921 SH   DFND   1,921 0 0
C H ROBINSON WORLDWIDE INC COM NEW 12541W209 255 3,829 SH   DFND   3,829 0 0
CAMERON INTERNATIONAL CORP COM 13342B105 240 3,589 SH   DFND   3,589 0 0
CAREFUSION CORP COM 14170T101 250 5,480 SH   DFND   5,480 0 0
CATERPILLAR INC DEL COM 149123101 225 2,251 SH   DFND   2,251 0 0
CBS CORP NEW CL B 124857202 212 3,921 SH   DFND   3,921 0 0
CELGENE CORP COM 151020104 304 3,194 SH   DFND   3,194 0 0
CENTURYLINK INC COM 156700106 277 6,804 SH   DFND   6,804 0 0
CF INDS HLDGS INC COM 125269100 283 1,016 SH   DFND   1,016 0 0
CIGNA CORPORATION COM 125509109 241 2,642 SH   DFND   2,642 0 0
CISCO SYS INC COM 17275R102 248 9,856 SH   DFND   9,856 0 0
COCA COLA ENTERPRISES INC NE COM 19122T109 230 5,114 SH   DFND   5,114 0 0
COMPUTER SCIENCES CORP COM 205363104 243 4,007 SH   DFND   4,007 0 0
CORNING INC COM 219350105 218 11,127 SH   DFND   11,127 0 0
CRITEO S A SPONS ADS 226718104 7,839 236,549 SH   DFND   236,549 0 0
CVS HEALTH CORP COM 126650100 259 3,236 SH   DFND   3,236 0 0
DEERE & CO COM 244199105 221 2,684 SH   DFND   2,684 0 0
DIRECTV COM 25490A309 248 2,859 SH   DFND   2,859 0 0
DISCOVERY COMMUNICATNS NEW COM SER A 25470F104 244 6,405 SH   DFND   6,405 0 0
DOLLAR GEN CORP NEW COM 256677105 260 4,237 SH   DFND   4,237 0 0
DOLLAR TREE INC COM 256746108 250 4,463 SH   DFND   4,463 0 0
DUN & BRADSTREET CORP DEL NE COM 26483E100 260 2,214 SH   DFND   2,214 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 292 2,831 SH   DFND   2,831 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 248 3,505 SH   DFND   3,505 0 0
F5 NETWORKS INC COM 315616102 260 2,181 SH   DFND   2,181 0 0
FEDEX CORP COM 31428X106 263 1,608 SH   DFND   1,608 0 0
FIFTH THIRD BANCORP COM 316773100 229 11,384 SH   DFND   11,384 0 0
FISERV INC COM 337738108 328 5,040 SH   DFND   5,040 0 0
FOSSIL GROUP INC COM 34988V106 220 2,325 SH   DFND   2,325 0 0
GAMESTOP CORP NEW CL A 36467W109 252 6,052 SH   DFND   6,052 0 0
GAP INC DEL COM 364760108 245 5,877 SH   DFND   5,877 0 0
GENERAL DYNAMICS CORP COM 369550108 268 2,096 SH   DFND   2,096 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 268 1,455 SH   DFND   1,455 0 0
HALLIBURTON CO COM 406216101 225 3,430 SH   DFND   3,430 0 0
HARRIS CORP DEL COM 413875105 216 3,229 SH   DFND   3,229 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 256 6,820 SH   DFND   6,820 0 0
HESS CORP COM 42809H107 234 2,464 SH   DFND   2,464 0 0
HOME DEPOT INC COM 437076102 280 3,017 SH   DFND   3,017 0 0
ILLINOIS TOOL WKS INC COM 452308109 236 2,775 SH   DFND   2,775 0 0
INGERSOLL-RAND PLC SHS G47791101 222 3,904 SH   DFND   3,904 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 257 1,348 SH   DFND   1,348 0 0
INTERPUBLIC GROUP COS INC COM 460690100 230 12,518 SH   DFND   12,518 0 0
INTUIT COM 461202103 268 3,024 SH   DFND   3,024 0 0
ISHARES MSCI BRZ CAP ETF 464286400 18,741 375,867 SH   DFND   375,867 0 0
ISHARES MSCI BRZ CAP ETF 464286400 3,660 625,000 SH   SOLE   625,000 0 0
JUNIPER NETWORKS INC COM 48203R104 221 9,948 SH   DFND   9,948 0 0
KEURIG GREEN MTN INC COM 49271M100 257 1,954 SH   DFND   1,954 0 0
KOHLS CORP COM 500255104 283 4,644 SH   DFND   4,644 0 0
KROGER CO COM 501044101 257 4,934 SH   DFND   4,934 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 236 2,024 SH   DFND   2,024 0 0
LABORATORY CORP AMER HLDGS COM NEW 50540R409 243 2,373 SH   DFND   2,373 0 0
LEGG MASON INC COM 524901105 244 4,737 SH   DFND   4,737 0 0
LOWES COS INC COM 548661107 270 5,089 SH   DFND   5,089 0 0
MACYS INC COM 55616P104 246 4,210 SH   DFND   4,210 0 0
MARATHON PETE CORP COM 56585A102 265 3,130 SH   DFND   3,130 0 0
MARRIOTT INTL INC NEW CL A 571903202 268 3,803 SH   DFND   3,803 0 0
MEAD JOHNSON NUTRITION CO COM 582839106 18,046 187,391 SH   DFND   187,391 0 0
MEADWESTVACO CORP COM 583334107 227 5,523 SH   DFND   5,523 0 0
MOODYS CORP COM 615369105 263 2,781 SH   DFND   2,781 0 0
MOSAIC CO NEW COM 61945C103 219 4,941 SH   DFND   4,941 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 233 3,671 SH   DFND   3,671 0 0
NETAPP INC COM 64110D104 287 6,685 SH   DFND   6,685 0 0
NEWELL RUBBERMAID INC COM 651229106 272 7,884 SH   DFND   7,884 0 0
NEWMARKET CORP COM 651587107 247 640 SH   SOLE   640 0 0
NORTHROP GRUMMAN CORP COM 666807102 271 2,042 SH   DFND   2,042 0 0
NVIDIA CORP COM 67066G104 244 13,168 SH   DFND   13,168 0 0
OI S.A. SPN ADR REP PFD 670851203 4,203 6,151,403 SH   DFND   6,151,403 0 0
OMNICOM GROUP INC COM 681919106 235 349,500 SH   SOLE   349,500 0 0
ORACLE CORP COM 68389X105 231 6,014 SH   DFND   6,014 0 0
PENTAIR PLC SHS G7S00T104 223 3,384 SH   DFND   3,384 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 236 16,202 SH   DFND   16,202 0 0
QUEST DIAGNOSTICS INC COM 74834L100 255 4,164 SH   DFND   4,164 0 0
SANDISK CORP COM 80004C101 234 2,335 SH   DFND   2,335 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 248 4,309 SH   DFND   4,309 0 0
SOUTHWEST AIRLS CO COM 844741108 309 9,067 SH   DFND   9,067 0 0
STATE STR CORP COM 857477103 267 3,614 SH   DFND   3,614 0 0
THE ADT CORPORATION COM 00101J106 248 6,998 SH   DFND   6,998 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 79,772 3,019,380 SH   DFND   3,019,380 0 0
TIME WARNER CABLE INC COM 88732J207 241 1,658 SH   DFND   1,658 0 0
TORCHMARK CORP COM 891027104 225 4,271 SH   DFND   4,271 0 0
TRAVELERS COMPANIES INC COM 89417E109 245 2,599 SH   DFND   2,599 0 0
TYSON FOODS INC CL A 902494103 256 6,488 SH   DFND   6,488 0 0
UNION PAC CORP COM 907818108 278 2,540 SH   SOLE   2,540 0 0
URBAN OUTFITTERS INC COM 917047102 264 7,179 SH   DFND   7,179 0 0
VARIAN MED SYS INC COM 92220P105 236 2,923 SH   DFND   2,923 0 0
VERISIGN INC COM 92343E102 276 4,979 SH   DFND   4,979 0 0
VIACOM INC NEW CL B 92553P201 218 2,813 SH   DFND   2,813 0 0
WABTEC CORP COM 929740108 266 3,250 SH   SOLE   3,250 0 0
WELLPOINT INC COM 94973V107 274 2,267 SH   DFND   2,267 0 0
WESTERN DIGITAL CORP COM 958102105 256 2,633 SH   DFND   2,633 0 0
WHITEWAVE FOODS CO COM 966244105 6,608 183,200 SH   DFND   183,200 0 0
WYNDHAM WORLDWIDE CORP COM 98310W108 263 3,224 SH   DFND   3,224 0 0
XEROX CORP COM 984121103 259 19,539 SH   DFND   19,539 0 0
XL GROUP PLC SHS G98290102 248 7,462 SH   DFND   7,462 0 0
YAHOO INC COM 984332106 284 6,919 SH   DFND   6,919 0 0
ZIONS BANCORPORATION COM 989701107 241 8,259 SH   DFND   8,259 0 0